October 14

“While the G20 leaders previously admitted crypto assets do not pose a threat to global financial stability, the introduction of global stablecoins could pose ‘a host of challenges‘ to the regulatory community.

The regulator presents a range of issues stemming from stablecoins, including data privacy and protection, AML/CFT and KYC compliance, tax evasion, fair competition and market integrity.

Addressing such risks is not necessarily a guarantee of regulatory approval for a stablecoin arrangement.”

See Also: US Treasury Secretary: Regulatory Fears Forced Libra Exodus

After the transition to PoS — higher cost of a potential attack would make Ethereum the safer network of the two.

According to Buterin, a successful attack on the network will need multiple malicious blocks to be validated, which in turn would require an enormous Ether stake that could be slashed if someone were to successfully challenge the transaction. This makes a potential attack more expensive to carry out and is an improvement over PoW, stated Buterin.”

See Also: Ethereum BEAST to Transform Crypto Market

“Interoperability was the theme of the now concluded Devcon 5, where a number of smaller cryptocurrency projects displayed interest in accessing Ethereum’s DeFi ecosystem.

Connecting to other chains doesn’t seem to be an Ethereum developer’s priority, but other chains seem to want to connect to Ethereum.

The Zcash community will develop a wrapped ZEC token that can be used on the Ethereum blockchain network.

Ultimately, we want Zcash shielded [addresses] to be usable in Ethereum smart contracts.

Good read.

“Halo allows a user to prove that no one involved in the initial establishment of a large-scale zero-knowledge proof system has created a secret backdoor and that that secure state has existed over the course of ongoing updates and changes to the system.

[Additionally], in a dramatic compression in computational requirements, all that’s now needed to verify the veracity of the entire database’s current state is a single mathematical proof.

While there will still need to be nodes that read the full blockchain to identify transactions, the overall task of verifying the integrity of a blockchain could become a much less costly problem for the network as a whole. Ordinary users could achieve the ease-of-use and efficiency they need but do so with their own full verification nodes.

The ECC is planning to integrate Halo into the zcash blockchain as a Layer 1 scaling solution.”

“Coinbase opened its first office in Dublin, Ireland, in October 2018 to help expand its operations in Europe and as a contingency plan for when the U.K. leaves the EU.

The approval from the Central Bank of Ireland will allow us to secure passporting for our customers across the EU and EEA.

Coinbase, announced that the exchange had become ‘one of just a few companies,’ to have received an e-money license in Ireland.”

“The force majeure clause — which encompasses natural disasters, terrorist threats and the eruption of war — also includes legal or regulatory actions on the part of the authorities.

Following an abrupt move by the United States Securities and Exchange Commission (SEC) to declare that the $1.7 billion initial coin offering (ICO) for the Telegram Open Network (TON) was illegal, this could mean that Telegram will not be required to return money to its investors, should it choose to postpone the network’s launch.”

Telegram stated that they are continuing to assess the best ways to resolve the situation in the interests of relevant parties, including but not limited to evaluating whether to delay the launch date.

We were surprised and disappointed that the SEC chose to file the lawsuit under these circumstances, and we disagree with the SEC’s legal position.

After deeming Telegram’s initial coin offering (ICO) illegal, the SEC also filed a temporary restraining order, setting a court hearing in New York for Oct. 24.”

See Also: Telegram Channel TON Board ‘Takes a Break,’ Deletes Message History
See Also: SEC Draws on Investor Communications to Halt Telegram Token Launch

BMW, General Motors, Honda, Ford and Renault are working with the Mobility Open Blockchain Initiative (MOBI) on integrating the system to automatically make payments.

By assigning vehicles unique identities that store data such as ownership and histories on a blockchain, the industry initiative aims to remove the need for a human when settling tolls and parking fees.

Participating vehicles would eventually be able to automatically pay expenses once plugged into other networks such as charging or refueling stations. One such system involved compensating users in crypto for putting energy back into the power grid following an outage.”

Transitioning from ‘Single Collateral DAI’ to ‘Multi-Collateral DAI’

“Some exciting news: we may have found a home for Kik! We just signed an LOI [letter of intention] with a great company. They want to buy the app, continue growing it for our millions of users, and take the Kin integration to the next level.

“Dubbed CryptoMajor, the basket product includes bitcoin (BTC), XRP, litecoin (LTC), bitcoin cash (BCH) and ethereum (ETH), which are equally weighted to protect against market volatility. The five cryptos are already traded on its platform.

Trading a basket of cryptocurrencies means our users are freed from the hassle of constantly monitoring the markets.”

Other than the names of the product, very few things have changed and will not affect our customers.

Instead of buying xCurrent or xVia, customers will connect to RippleNet — on-premises or through the cloud — and instead of buying xRapid, clients will use On-Demand Liquidity.”

“If the system proves to be successful in Singapore, the ICC will bid for global adoption of IERS standards in the industry.

The International E-Registry of Ships (IERS) system is based on Perlin’s Wavelet, an open ledger for writing decentralized WebAssembly applications.”